Will Obama's new fuel economy standards raise the price of a car by $11,000? How will this help sell cars?
The Obama Administration’s new fuel economy standards will cause the retail price of average motor vehicles to increase over $11,000, according to a study conducted by the Center for Automotive Research. “A fuel economy standard of 37.6 mpg is associated with a price increase of $5,244, 18.1 percent higher than the 2009 National Automobile Dealers Association (NADA) average price of $28,966. A fuel economy standard of 40.8 mpg is associated with a price increase of $6,770, 23.4 percent higher than the 2009 NADA price,” says their report called, “The U.S. Automotive Market and Industry in 2025.”
Asked By: Obama hood - Spread the Wealth - 8/19/2011
Best Answer - Chosen by Asker
Obama just can't think of a single thing to help create jobs. Meanwhile his EPA is killing jobs like crazy with a mountain of new regulations. They even declared Carbon Dioxide, the gas you exhale with every breath as a pollutant.
Answered By: Joe in texas - 8/19/2011
Additional Answers (5)
Answered By: Thorn - 8/19/2011
Yes it will and it will destroy the car business, which will in turn create even more unemployment fuel economy should be left to the consumer to decide, not some pie in the sky fictional dream
Answered By: Paul Grass™℠ - 8/19/2011
That's actually the point. The Democrats are trying to push everyone into trains and buses by making cars prohibitively expensive and so small no one even wants to be in them.
Answered By: Dark Night - 8/19/2011
what is the cost per car if you add in the cost of the military intervention in the middle east so the oil companies can steal the oil from the locals ? i bet it is a lot MORE than $11,000 . what is the cost of hundreds of new asthma cases caused by pollution... More
Answered By: railroad dave - 8/19/2011
It won't help sell anything. The only thing he is good at is killing jobs, his regulations in combination with his out of control spending is his formula for destroying Capitalism.
Answered By: teagan - 8/19/2011
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